How It All Fits Together a Novices Introduction to the Game of Life

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It has been pointed out that when employers in one industry gain by the introduction of new methods, practically all workers (employers and employees) outside this industry may be expected to gain. But when in any one industry (say, the railway industry) the wage- earners succeed in making the employers give them better pay, gains and losses are likely to be unevenly distributed among wage-earners and employers in other occupations. For if the guards and porters get higher pay, and their employ...ers (the railway shareholders) get smaller profits in consequence provided the railways do just as much business as before, without charging more for their services to the general public (mainly, of course, the working classes whose factory materials and whose ordinary goods, in various stages of completion, are carried by train) it merely means that the railway hands have more to spend than before and the shareholders have less. This is likely to benefit both employers and employees in the boot-making trade, the breweries and the woollen industries, whose products are mainly bought by the wage-earning classes ; for while the railway hands will spend a little more freely in these directions, the better-off shareholders will spend on these about as much as they spent before.

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